High Income Securities Fund announces monthly distributions of $0.0580 through its managed distribution plan for 2026.
Quiver AI Summary
High Income Securities Fund (NYSE: PCF) announced that its Board of Trustees has declared three monthly distributions under its managed distribution plan, which aims for an annual distribution rate of 10% based on a net asset value of $6.96 per share as of December 31, 2025. The declared distributions are $0.0580 for April, May, and June, payable on the last day of each respective month. The plan outlines that if sufficient investment income is not available, the Fund may distribute long-term capital gains or return capital. Additionally, any excess investment income may result in an additional year-end distribution. The Board retains the right to amend or terminate the plan as needed, and stockholders will receive details about the distribution's composition for tax reporting purposes.
Potential Positives
- The declaration of monthly distributions under the managed distribution plan provides a consistent return of 10% annually to common stockholders, which may attract more investors looking for stable income.
- The upcoming distributions are clearly communicated with specific rates and dates, enhancing transparency and allowing stockholders to plan accordingly.
- The potential for additional year-end distributions based on exceeding investment income or capital gains signals a commitment to maximizing shareholder value.
- The Board's authority to amend or terminate the distribution plan suggests flexibility in adapting to market conditions, which may reassure stakeholders about the Fund's management approach.
Potential Negatives
- The Fund's reliance on long-term capital gains and/or return of capital for distributions indicates potential insufficiency of net investment income, which could raise concerns about the sustainability of its payout strategy.
- The Board's ability to amend or terminate the managed distribution plan at any time introduces uncertainty for investors regarding future income stability.
- No conclusions can be drawn about the Fund's investment performance from the distribution amounts, which may leave investors questioning the overall effectiveness of their investments.
FAQ
What is the annual distribution rate for High Income Securities Fund in 2026?
The annual distribution rate for the High Income Securities Fund in 2026 is 10%, or 0.8333% monthly.
When will the next distributions be paid to shareholders?
The next distributions will be paid on April 30, May 29, and June 30, 2026.
What will the distribution amount be for April, May, and June 2026?
The distribution amount for each of the months will be $0.0580 per share.
How does the managed distribution plan work?
The managed distribution plan provides monthly distributions based on net asset value, potentially including capital gains or return of capital.
Will there be additional distributions beyond the monthly amounts?
Yes, if the Fund’s income exceeds distributions, it may make an additional year-end distribution.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PCF Insider Trading Activity
$PCF insiders have traded $PCF stock on the open market 10 times in the past 6 months. Of those trades, 10 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $PCF stock by insiders over the last 6 months:
- PHILLIP GOLDSTEIN has made 8 purchases buying 46,894 shares for an estimated $269,583 and 0 sales.
- RAJEEV P DAS has made 2 purchases buying 3,256 shares for an estimated $20,000 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PCF Hedge Fund Activity
We have seen 26 institutional investors add shares of $PCF stock to their portfolio, and 22 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ABSOLUTE INVESTMENT ADVISERS, LLC added 167,337 shares (+inf%) to their portfolio in Q4 2025, for an estimated $1,029,122
- LPL FINANCIAL LLC removed 139,668 shares (-9.5%) from their portfolio in Q4 2025, for an estimated $858,958
- QUARRY LP added 64,342 shares (+inf%) to their portfolio in Q4 2025, for an estimated $395,703
- LOGAN STONE CAPITAL, LLC added 55,591 shares (+inf%) to their portfolio in Q4 2025, for an estimated $341,884
- RIVERNORTH CAPITAL MANAGEMENT, LLC added 52,560 shares (+inf%) to their portfolio in Q4 2025, for an estimated $323,244
- NBC SECURITIES, INC. added 30,100 shares (+inf%) to their portfolio in Q4 2025, for an estimated $185,115
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC removed 27,616 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $169,838
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, April 13, 2026 (GLOBE NEWSWIRE) -- High Income Securities Fund (NYSE: PCF) (the “Fund”) today announced that the Fund’s Board of Trustees (the “Board”) has declared the next three monthly distributions under the Fund’s managed distribution plan.
Under the Fund’s managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 10% (or 0.8333% per month) for 2026, based on the net asset value of $6.96 of the Fund’s common shares as of December 31, 2025.
The next three distributions declared under the managed distribution plan are as follows:
| Month | Rate | Record Date | Payable Date |
| April | $0.0580 | April 21, 2026 | April 30, 2026 |
| May | $0.0580 | May 19, 2026 | May 29,2026 |
| June | $0.0580 | June 16, 2026 | June 30, 2026 |
Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital. To the extent that the Fund’s net investment income and net realized capital gains exceed the aggregate amount distributed pursuant to the managed distribution plan, the Fund may make an additional year-end distribution. No conclusions should be drawn about the Fund’s investment performance from the amount of the distributions. The Board may amend the terms of the managed distribution plan or terminate the plan at any time.
The Fund will issue a notice to stockholders that will provide an estimate of the composition of each distribution. For tax reporting purposes the actual composition of the total amount of distributions for each year will continue to be provided on a Form 1099-DIV issued after the end of the year.
Contact: Ultimus Fund Solutions, [email protected]
